Quantum Computing Market Research Report- Forecast 2022 | MRFR

Quantum computing is the area of study focused on developing computer technology based on the principles of quantum theory, which explains the nature and behavior of energy and matter on the quantum (atomic and subatomic) level. A Quantum computer follows the laws of quantum physics via which it can gain enormous power, have the ability to be in multiple states and perform tasks using all possible permutations simultaneously.

A classical computer works on the principle of Boolean algebra operating with a 7-mode logic gate principle, whereas a quantum computer can work with a 2-mode logic gate. In a quantum computer, a number of elemental particles such as electrons or photons can be used, with either their charge or polarization acting as a representation of 0 and/or 1. Each of these particles is known as a quantum bit, or qubit, the nature and behavior of these particles form the basis of quantum computing.

The study indicates that the major driving factor for the Quantum Computing market is the increasing implementation of machine learning by quantum computers in order to recognize objects by detecting recurring patterns. It has been observed that over the recent past several research institutes along with scientists are carrying out research programs to truly understand the practical capacity of quantum computers.

The global Quantum Computing market is expected to grow at USD ~2,464 million by 2022, at ~24% of CAGR between 2016 and 2022.

Quantum Computing market is segmented on the basis of application and vertical.

Quantum Computing market by application:

Quantum Computing market by Vertical:

The regional analysis of Quantum Computing market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America would dominate the Quantum Computing market owing to factors such as usage of quantum computers by government agencies and aerospace & defense for machine learning. The study indicates that Europe has the second biggest market share in the Quantum Computing market.

Asia Pacific Quantum Computing market is expected to show a positive growth over the forecast period owing to factors such as wide adoption of quantum computers by BFSI sector. In Asia-Pacific countries like China, Japan and others are making use of quantum computers for optimization of tasks due to which the study reveals that these countries would show a sudden hike in Quantum Computing market by the forecast period.